I’m also looking into self-settled spendthrift trusts to add an extra layer of protection, especially as my portfolio grows.

They also know about real estate so less likely to charge you extra fees to get an appraisal or BPO because they can estimate the value themselves.

So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?

•I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

(You say it’s worth about $100k more than you’re paying so figure an extra $15k.)Maybe you’d be better off partnering with the parents unless they have zero interest?

BC I know has a property purchase tax for everyone and an extra one for foreign investors.

Most investors don’t even need an LLC and a holding company is extra, extra overkill though IMO.

Financing OptionsParent Loan Options: Consider home equity loans, investment property mortgages, or co-signing a loan.Tax Implications: Speak with a financial advisor about potential deductions and capital gains.Rental Income Potential: Explore the option of renting out extra rooms to offset costs.5.

I do value her as a cleaner and she definitely goes the extra mile and are the eyes and ears on the ground for me.

My dad and I got caught by that snag on our third flip years ago, and we definitely kicke ourselves for not doing a little extra research up front.